Thursday, Feb 12, 09:56 GMT
EUROPEAN Trading Newsletter
To Get Started
- Webinar Videos: Strategies to Perceive and Defeat Forex Volatility through Traditional Indicators by Mark Whistler
- All the events of the day in our Economic Calendar
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Forex Blogs
Chartology: The 15 minute bear flag followed through, now what? Set up a trend follow! by Raghee Horner
The downtrend that has initiated from the breakdown has formed 1) a four to six o'clock mark down cycle and 2) an opportunity to set up swing shorts within a down channel.
FX Path: USD/CAD - Struggling Bulls by James Chen
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Live Sessions Schedule
How to Get Started Trading Forex
Expert: Mark Whistler
Start: Thu, Feb 12, 16:00 GMT
Type of Session: Webinar
Trading Plans − Rules for a Long Term Trader
Expert: Steve Misic
Start: Thu, Feb 12, 17:00 GMT
Type of Session: Webinar
| Sponsored by | ||||
| Thu, Feb 12, 12:00 GMT | FX Instructor Live Trading Room  | Mark De La Paz | WBN |  |
| Thu, Feb 12, 13:00 GMT | US Pre−Market Open | Ed Ponsi | WBN |  |
| Thu, Feb 12, 14:30 GMT | US Session Open | Ed Ponsi | WBN | |
| Thu, Feb 12, 16:00 GMT | How to Get Started Trading Forex | Mark Whistler | WBN | |
Current Session: Europe
GBP/USD: Pound dropping fast breaks 1.4335, 1.4200 at sight
FXstreet.com (Barcelona) − The Pound has entered into an aggressive downward movement at the start of the European stock market session, and has broken key level at 1.4335 and 1.4315, on its way down to 1.4200.
If support level at 1.4200 gives way, the Pound could advance towards 1.4060, 61.8% Fibonacci retracement level from 1.4990 to 1.3292.
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Forex Analysis on Majors − Return to the bottom of Ichimoku cloud at 90.40/60 is likely by Forex Ltd
For short−term sells on condition of formation of topping signals the targets will be 89.80/90.00, 89.20/40 and/or further breakout variant up to 88.60/80, 88.00/20, 87.20/60.
Daily Recommended Trades − Key support at .6500 is intact by E−Forex
Key support at .6500 is intact and while it holds, a resume of the uptrend may occur. Near−term momentum is bullish but losing strength.
Analyst Sentiment Index (ASI)
Analysts Sentiment Index - EUR/USD
**Source : ActionForex.com, CMS Forex, Danske Bank A/S, FXstreet.com, i-knowindices.com, Mizuho Corporate Bank, MolFX - Management
[ View ASI page ] [ View EUR/USD page ]
Charting the Market Movers
USD JPY, Hourly
GBP USD, Hourly
Top Market Movers Preview
EMU INDUSTRIAL PRODUCTION W.D.A.
| Date (GMT) | Event | Cons. | Previous | |
| Feb 12 | 10:00 | Industrial Production w.d.a. (YoY) | -9.5% | -7.7% |
| Feb 12 | 10:00 | Industrial Production s.a. (MoM) | -2.5% | -1.6% |
EMU economic indicators - EMU industrial production (December): down by BHF−Bank
French, Italian and EMU industrial production will probably have continued declining in December, because all of the correlated indicators dropped. Following the seasonal pattern, the German trade balance will probably have deteriorated in December, whereas the German current account might have even improved.
[ Full Story ]Top Market Movers Review
EMU ECB MONTHLY REPORT
| Date (GMT) | Event | Actual | Cons. | Previous | |
| Feb 12 | 09:00 | ECB Monthly Report | - | - | - |
ECB bulletin−implied currency volatility unprecedented (Thomson Financial News)
The European Central Bank said on Thursday that foreign exchange volatility had been at unprecedented levels in recent weeks, possibly because of the ongoing recession and investor nervousness.
[ Full Story ]- Read the Monthly Bulletin at the ECB
- ECB RESEARCH−Contents of ECB Feburary bulletin (Thomson Financial News)
- TABLE−ECB Q1 Survey of Professional Forecasters (Thomson Financial News)
- Euro zone economy in significant slowdown−ECB bulletin (Thomson Financial News)
Economic Events
| Date (GMT) | Country | Event | Actual | Cons. | Previous | |
| Feb 12 | 00:30 | AU | National Australia Bank's Business Confidence(QoQ) (4Q) | -42 | -7 | |
| 00:30 | AU | Unemployment Rate (Jan) | 4.8% | 4.7% | 4.5% | |
| 06:45 | CH | SECO Consumer Climate (Jan) | -23 | -36 | -27 | |
| 09:00 | EMU | ECB Monthly Report (Feb) | ||||
| 10:00 | EMU | Industrial Production s.a. (MoM) (Jan) | -2.5% | -1.6% | ||
| 10:00 | EMU | Industrial Production w.d.a. (YoY) (Dec) | -9.5% | -7.7% | ||
| 12:00 | US | MBA Mortgage Applications (Feb 7) | 8.6% | |||
| 13:30 | US | Continuing Jobless Claims (Jan 31) | 4788K | |||
| 13:30 | US | Initial Jobless Claims (Feb 7) | 610K | 626K | ||
| 13:30 | US | Retail Sales (MoM) (Jan) | -0.7% | -2.7% | ||